BSECompany Update1d ago · 27 Oct 2026, 01:36 pm
Please find enclosed press release for Q2FY27 financial results.
Cipla Ltd · 500087
✦ AI Summary▲ PositiveResults
Cipla Ltd has announced its Q2FY27 financial results, showing consistent sequential growth in revenue and EBITDA, with a 4% QoQ growth in global revenues and a 200bps expansion in EBITDA margin to 18.7%. The company's One-India business grew at 12% YoY, while the North America business posted revenue of $172 Mn, continuing its sequential growth trajectory. The company has a strong net cash position of INR 9,823 Cr and has made significant investments in R&D, with a focus on product filings and key development programs.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Cipla Ltd - 500087 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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27th October, 2026
(1) BSE Limited (2) National Stock Exchange of India Limited
Listing Department Listing Department
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor,
Dalal Street, Plot no. C/1, G Block, Bandra Kurla Complex,
Mumbai - 400 001 Bandra (East), Mumbai - 400 051
Scrip Code: 500087 Scrip Symbol: CIPLA
(3) SOCIETE DE LA BOURSE DE LUXEMBOURG
Societe Anonyme
35A Boulevard Joseph II,
L-1840 Luxembourg
Sub: Press Release – Q2FY27 Financial Results
Dear Sir / Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, we are enclosing herewith the Press Release for Q2FY27 Financial Results dated 27th October,
2026.
Kindly take the above information on record.
Thanking you,
Yours faithfully,
For Cipla Limited
Rajendra Chopra
Company Secretary
Encl: As above
Prepared by: Simona Dsouza
Cipla Ltd.
Regd. Office - Cipla House, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai-400 013, India
P +91 22 41916000 W www.cipla.com E-mail contactus@cipla.com Corporate Identity Number L24239MH1935PLC002380
` Q2 FY27 Results
Consistent Sequential Growth in Revenue and EBITDA Reflecting Sustained Business Momentum
Income from Operations EBITDA PAT
INR 1,388 Cr INR 878 Cr
INR 7,404 Cr
FY27: (18.7%) (11.9%)
Mumbai, October 27, 2026: Cipla Limited (BSE: 500087, NSE: CIPLA) today announced its unaudited
consolidated financial results for the quarter ended September 30th, 2026.
Key Highlights for the Quarter
▪ One-India: The business recorded highest quarterly sales with a solid growth of 12% YoY.
▪ North America: Delivered quarterly revenue of $ 172 Mn.
▪ One Africa: South Africa private business grew 1.3x faster than the market*.
▪ Emerging Markets and Europe: Delivered quarterly revenue of $ 101 Mn, despite geopolitical
uncertainties.
▪ R&D investments: Stood at INR 423 Cr, accounting for 5.7% of sales, directed largely toward product
filings and key development programs.
▪ Strong net cash: Net cash position of INR 9,823 Cr; Debt primarily includes lease liabilities and
working capital requirements.
*Market data as per IQVIA MAT Aug’26
“We are pleased to share that we continue to make considerable progress across our focused markets. In
Q2FY27, we delivered global revenues of INR 7,404 Cr with a sequential growth of 4% QoQ, while EBITDA
margin expanded by 200 basis points QoQ to 18.7%. Our One-India business grew at solid 12% YoY. Branded
Prescription business delivered a robust growth, with key therapies outpacing the market. The U.S. business
posted revenue of $ 172 Mn during the quarter, continuing its sequential growth trajectory. We expect North
America performance to remain supported by our upcoming product pipeline. South Africa private market
business continued to outperform the market, growing approximately 1.3x faster than the market. We continue
to focus on sustained growth in our core businesses, improving productivity, strengthening our pipeline in order
to serve patients with trusted, high-quality medicines”
Achin Gupta
MD and Global CEO, Cipla Ltd
For Queries Contact:
Corporate Communications Investor Relations Cipla Ltd.
Heena Kanal Diksha Maheshwari Cipla House,
CorpComm@cipla.com Investor.Relations@cipla.com Peninsula Business Park,
Ganpatrao Kadam Marg,
Lower Parel, Mumbai-400013
Market Updates
❖ One India Business
Branded Prescription:
Delivered market# growth of 15%. Key therapies like Respiratory, Urology, Cardiac, Anti-diabetes
and Dermatology grew at strong double-digit market# growth.
Trade Generics:
The business delivered a strong double-digit QoQ growth. Expanding portfolio remains a key growth
driver, with 15+ new launches this quarter, addressing specific patient needs.
Consumer Health:
Anchor brands of Nicotex, Omnigel and Cipladine maintained leadership positions in their
respective market segments.
❖ North America
Delivered quarterly revenue of $ 172 Mn, which represents a $10 Mn improvement versus previous
quarter. Albuterol ranked No. 1 in the overall U.S. Albuterol MDI market, with a 22% market share*.
The quarter was marked by key strategic milestones in the U.S., including the FDA approval of
gAdvair Diskus, the first dry powder inhaler approval from Cipla's U.S. manufacturing network. The
business entered an exclusive partnership with Qilu Pharmaceutical for the commercialization of a
Keytruda biosimilar, strengthening its presence in complex respiratory therapies and oncology
biosimilars.
❖ One Africa
In South Africa Private Market secondary growth was at 6.5% versus the market** growth of 5.0%.
The prescription business maintained its No.2 position.
❖ Emerging Markets and Europe
EMEU delivered revenue of $ 101 Mn during the quarter. The business operated in a challenging
environment marked by geopolitical uncertainties and market-specific headwinds; however, it
continued to demonstrate resilience through strong execution and cost discipline across both
DTM and B2B segments.
#Market data as per IQVIA, YTD Sep’26|*Market data as per IQVIA week ending 25th Sep’26 |** Market data as per IQVIA MAT
Aug’26
QUARTERLY BUSINESS WISE SALES PERFORMANCE
Y-o-Y
Business (In INR Cr) Q2FY27 Q2FY26
Growth
India (Rx + Gx + CHL^) 3,516 3,146 12%
North America 1,643 2,039 -19%
One Africa# 1,171 1,178 -1%
South Africa 872 901 -3%
Emerging Markets and Europe 967 967 0%
API and Others 107 259 -59%
Total 7,404 7,589 -2%
^ CHL – Cipla Health limited |# Includes South Africa, North Africa, Sub-Saharan Africa and Cipla Global Access
CONSOLIDATED PROFIT & LOSS STATEMENT
In INR Cr Q2FY27 Q2FY26
Total Income from Operations 7,404 7,589
EBITDA 1,388 1,895
% of Income from Operations 18.7% 25.0%
PAT 878 1,351
BALANCE SHEET
Key Balance Sheet Items (INR Cr) Sep-26 Sep-25
Equity 35,522 33,025
Total Debt# 699 467
Inventory 6,778 6,160
Cash and Cash Equivalents* 10,552 10,368
Trade Receivables 6000 6,902
Trade Payables 3,266 3,035
Net Tangible Assets 8,266 6,996
Goodwill and Intangibles 7,107 5,374
#Total debt includes lease liabilities and borrowings| * Cash & cash equivalents include current investments, fixed deposits, margin
deposits and excluding unclaimed dividend balances
Announcement
Cipla to release Q2FY27 unaudited Financial Results on October 27, 2026
Date: 27th October 2026
• 1600 hrs IST – EARNINGS CONFERENCE CALL
The Company will host an earnings conference call at 1600 hrs IST (1830 hrs SST/HKT, 1030 hrs GMT,
0630 hrs US ET), during which the leadership team will discuss financial performance and take
questions. A transcript of the conference call will be available at www.cipla.com.
Earnings Conference Call Dial-in Information
Date and Time October 27, 2026 at
1600 – 1700 hrs IST
1830 – 1930 hrs SST/HKT
1030 – 1130 hrs GMT
0630 – 0730 hrs US ET
Dial-in Numbers
Universal Access Primary Access: (+91 22 6280 1562)
(+91 22 7115 8387)
Diamond pass link Click here to register
Toll Free Number USA: 18667462133
UK: 08081011573
Hong Kong: 800964448
Singapore: 8001012045
ABOUT CIPLA LTD
Established in 1935, Cipla is a global pharmaceutical company focused on agile and sustainable growth, complex
generics, and deepening portfolio in our home markets of India, South Africa, North America, and key regulated and
emerging markets. Our strengths in the respiratory, anti-retroviral, urology, cardiology, anti-infective and CNS segments
are well-known. Our 46 manufacturing sites around the world produce 50+ dosage forms and 1,500+ products using
cutting-edge technology platforms to cater to our 80+ markets. Cipla is ranked 3rd largest in pharma in India (IQVIA
MAT Sep’26), 2nd Largest in the pharma prescription market in South Africa (IQVIA MAT Aug’26), and 2nd largest by
prescription in the US Gx (Repulses + MDI) products (IQVIA MAT Sep’26). For over eight decades, making a difference
to patients has inspired every aspect of Cipla’s work. Our paradigm-changing offer of a triple anti-retroviral therapy in
HIV/AIDS at less than a dollar a day in Africa in 2001 is widely acknowledged as
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